North Hobbs, NM Cost Of Living
North Hobbs's Overall Cost Of Living
Lower Than The National Average
In New Mexico
In America
What is the cost of living in North Hobbs, NM?
According to the most recent data on the cost of living, North Hobbs has an overall cost of living index of 96 which is 1.0x lower than the national index of 100.
Compared to only New Mexico, North Hobbs has a cost of living index that's 1.0x higher than New Mexico's index of 92.
The standard of living in North Hobbs ranks as #2,601 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies North Hobbs ranks as the #3,818 most expensive place in the Land of Enchantment.
North Hobbs Cost Of Living Vs. New Mexico
| Living Expense | North Hobbs | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 96 | 92 | 100 | |
| Services | 96 | 92 | 100 | |
| Groceries | 89 | 94 | 100 | |
| Health | 103 | 98 | 100 | |
| Housing | 90 | 87 | 100 | |
| Transportation | 97 | 88 | 100 | |
| Utilities | 100 | 91 | 100 | |
North Hobbs, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
| Statistic | North Hobbs | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $184,100 | $175,700 | $229,800 |
| Median Rent | $989 | $857 | $1,096 |
| Median Income | $71,272 | $51,243 | $64,994 |
| Home Value To Income | 2.6x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Detailed North Hobbs Services Costs Vs. New Mexico
| Item | North Hobbs | New Mexico |
|---|---|---|
| Shampoo | $1.03 | $1.06 |
| Movie | $9.38 | $10.68 |
| Bowling | $12.5 | $14.67 |
Detailed North Hobbs Groceries Costs Vs. New Mexico
| Item | North Hobbs | New Mexico |
|---|---|---|
| Ground Beef | $3.98 | $4.22 |
| Fried Chicken | $1.15 | $1.39 |
| Milk | $1.73 | $2.05 |
Detailed North Hobbs Health Costs Vs. New Mexico
| Item | North Hobbs | New Mexico |
|---|---|---|
| Haircut | $19.2 | $18.62 |
| Beauty Salon | $35.0 | $39.05 |
| Toothpaste | $2.27 | $2.34 |
Detailed North Hobbs Transportation Costs Vs. New Mexico
| Item | North Hobbs | New Mexico |
|---|---|---|
| Potatoes | $1.97 | $3.29 |
| Pizza | $12.33 | $10.62 |
| Beer | $10.43 | $9.38 |
| Optometrist | $122.5 | $108.57 |
| Doctor | $136.25 | $116.17 |
| Dentist | $90.0 | $99.13 |
Detailed North Hobbs Utilities Costs Vs. New Mexico
| Item | North Hobbs | New Mexico |
|---|---|---|
| Gasoline | $2.06 | $2.22 |
| Tire Balancing | $49.53 | $50.07 |
| All Electricity | $164.79 | $167.67 |
| Phone | $184.35 | $175.64 |
North Hobbs SnackAbility
/10
Cost Of Living In Cities Around North Hobbs
| City | Population | Cost Of Living | Vs. North Hobbs |
|---|---|---|---|
| Hobbs, NM | 38,475 | 88 | 0.9x |
| Andrews, TX | 13,797 | 90 | 0.9x |
| Lovington, NM | 11,400 | 86 | 0.9x |
| Seminole, TX | 7,683 | 89 | 0.9x |
